Detailed Summary

Key Financial Figures (Standalone - ₹ in Lakhs)

Income Statement:

  • Interest earned: ₹2,62,781 (Q1 FY27) vs ₹2,36,244 (Q1 FY26)
  • Interest on advances: ₹2,10,825
  • Income on investments: ₹44,821
  • Interest on balances with RBI: ₹6,362
  • Other income: ₹37,949
  • Total income: ₹3,00,730
  • Interest expended: ₹1,60,309
  • Operating expenses: ₹81,241
  • Employees cost: ₹44,919
  • Other operating expenses: ₹36,322
  • Operating profit: ₹59,180
  • Provisions and contingencies: ₹8,434
  • Profit before tax: ₹50,746
  • Tax expense: ₹12,983
  • Net profit: ₹37,763

Comparative Performance:

  • Net profit increased to ₹37,763 lakhs in Q1 FY27 from ₹32,195 lakhs in Q1 FY26
  • Provisions decreased significantly to ₹8,434 lakhs from ₹23,926 lakhs YoY

Balance Sheet Highlights:

  • Paid-up equity share capital: ₹26,181 lakhs
  • Net worth: ₹11,37,922 lakhs
  • Capital Adequacy Ratio (Basel III): 19.62%

Asset Quality:

  • Gross NPA: ₹1,43,767 lakhs (1.38% of gross advances)
  • Net NPA: ₹26,747 lakhs (0.26% of net advances)
  • Significant improvement from Q1 FY26: Gross NPA was 3.15% and Net NPA was 0.68%

Ratios:

  • Return on Assets (annualized): 1.07%
  • Basic EPS: ₹1.44
  • Diluted EPS: ₹1.44
  • Operating margin: 19.68%
  • Net profit margin: 12.56%
  • Debt equity ratio: 0.10

Segment-wise Performance (Standalone)

The Bank reports performance across four segments:

Treasury:

  • Revenue: ₹57,123 lakhs
  • Segment result: ₹8,746 lakhs
  • Assets: ₹28,85,228 lakhs

Corporate/Wholesale Banking:

  • Revenue: ₹89,749 lakhs
  • Segment result: ₹5,978 lakhs
  • Assets: ₹57,56,018 lakhs

Retail Banking:

  • Revenue: ₹1,43,785 lakhs
  • Digital Banking: ₹21,102 lakhs
  • Other Retail Banking: ₹1,22,683 lakhs
  • Segment result: ₹33,496 lakhs
  • Digital Banking: ₹309 lakhs
  • Other Retail Banking: ₹33,187 lakhs
  • Assets: ₹54,10,253 lakhs

Other Banking Operations:

  • Revenue: ₹10,073 lakhs
  • Segment result: ₹2,526 lakhs
  • Assets: ₹1,021 lakhs

Consolidated Results

The consolidated financial results include the Bank and its subsidiary SIB Operations and Services Limited:

  • Net profit: ₹37,766 lakhs
  • Total income: ₹3,00,740 lakhs
  • Basic EPS: ₹1.44
  • The subsidiary contributed total assets of ₹7.08 crores and net profit after tax of ₹0.03 crore for the quarter

Important Notes and Disclosures

Accounting Treatment:

  • The Bank discontinued maintenance of Investment Fluctuation Reserve (IFR) per RBI directions dated May 18, 2026
  • Existing IFR amount of ₹11,901 lakhs transferred to Balance in Profit & Loss during the quarter

Capital Activities:

  • The Bank allotted 4,98,159 shares during the quarter pursuant to exercise of stock options

Regulatory Compliance:

  • Pillar 3 disclosures under Basel III Capital Regulations are available on the Bank's website but were not reviewed by auditors
  • The financial results were prepared in accordance with AS-25, Banking Regulation Act, 1949, and RBI guidelines

Asset Quality and Risk Management:

  • Details provided for co-lending arrangements: ₹2,16,289 lakhs outstanding with 2 partners
  • Project finance disclosures: ₹25,777 lakhs in projects under implementation at quarter end
  • Loan acquisition details: ₹13,464 lakhs acquired with 10% retention by originator

Auditors and Review Process

The unaudited financial results were subjected to limited review by Joint Statutory Central Auditors:

  • M/s. M.P. Chitale & Co., Chartered Accountants
  • M/s. Borkar & Muzumdar, Chartered Accountants

Both firms issued limited review reports with unmodified opinions dated July 16, 2026. The review was conducted in accordance with SRE 2410 issued by ICAI.

Effective Dates and Periods

The financial results cover the quarter ended June 30, 2026, with comparative figures for:

  • Quarter ended June 30, 2025 (Q1 FY26)
  • Quarter ended March 31, 2026 (Q4 FY26)
  • Year ended March 31, 2026 (FY26)

The figures for the quarter ended March 31, 2026 are balancing figures between audited FY26 figures and unaudited nine-month figures ended December 31, 2025.